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\begin{tabular}{lcc} \hline
 & (1) & (2) \\
VARIABLES & std\_POINTS2 & std\_subsidiary2 \\ \hline
 &  &  \\
treatment & 0.24 & 0.11 \\
 & (0.20) & (0.36) \\
treatment\_decile\_mock\_1 & -0.12 &  \\
 & (0.23) &  \\
treatment\_decile\_mock\_2 & 0.19 &  \\
 & (0.23) &  \\
treatment\_decile\_mock\_3 & -0.19 &  \\
 & (0.24) &  \\
treatment\_decile\_mock\_4 & -0.18 &  \\
 & (0.25) &  \\
treatment\_decile\_mock\_5 & -0.02 &  \\
 & (0.28) &  \\
treatment\_decile\_mock\_6 & -0.40 &  \\
 & (0.25) &  \\
treatment\_decile\_mock\_7 & -0.21 &  \\
 & (0.27) &  \\
treatment\_decile\_mock\_8 & -0.18 &  \\
 & (0.27) &  \\
treatment\_subdecile\_mock\_1 &  & 0.13 \\
 &  & (0.38) \\
treatment\_subdecile\_mock\_2 &  & 0.09 \\
 &  & (0.41) \\
treatment\_subdecile\_mock\_3 &  & 0.21 \\
 &  & (0.39) \\
treatment\_subdecile\_mock\_4 &  & -0.04 \\
 &  & (0.39) \\
treatment\_subdecile\_mock\_5 &  & -0.00 \\
 &  & (0.40) \\
treatment\_subdecile\_mock\_6 &  & -0.16 \\
 &  & (0.41) \\
treatment\_subdecile\_mock\_7 &  & -0.07 \\
 &  & (0.41) \\
treatment\_subdecile\_mock\_8 &  & -0.47 \\
 &  & (0.41) \\
Constant & 2.00*** & -0.41 \\
 & (0.44) & (0.63) \\
 &  &  \\
Observations & 708 & 649 \\
R-squared & 0.57 & 0.38 \\
decile 1 & 0.12 &  \\
se1 & 0.11 & 0.12 \\
p\_value1 & 0.28 & 0.04 \\
decile 2 & 0.42 &  \\
se2 & 0.11 & 0.19 \\
p\_value1 & 0.00 & 0.04 \\
decile 3 & 0.04 &  \\
se3 & 0.14 & 0.16 \\
p\_value3 & 0.77 & 0.04 \\
decile 4 & 0.06 &  \\
se4 & 0.15 & 0.15 \\
p\_value4 & 0.70 & 0.65 \\
decile 5 & 0.21 &  \\
se5 & 0.19 & 0.18 \\
p\_value5 & 0.27 & 0.53 \\
decile 6 & -0.16 &  \\
se6 & 0.16 & 0.21 \\
p\_value6 & 0.29 & 0.81 \\
decile 7 & 0.03 &  \\
se7 & 0.19 & 0.21 \\
p\_value7 & 0.87 & 0.82 \\
decile 8 & 0.06 &  \\
se8 & 0.18 & 0.21 \\
p\_value8 & 0.75 & 0.09 \\
subdecile 1 &  & 0.24 \\
subdecile 2 &  & 0.20 \\
p\_value2 &  & 0.28 \\
subdecile 3 &  & 0.32 \\
subdecile 4 &  & 0.07 \\
subdecile 5 &  & 0.11 \\
subdecile 6 &  & -0.05 \\
subdecile 7 &  & 0.05 \\
 subdecile 8 &  & -0.35 \\ \hline
\multicolumn{3}{c}{ Robust standard errors in parentheses} \\
\multicolumn{3}{c}{ *** p$<$0.01, ** p$<$0.05, * p$<$0.1} \\
\end{tabular}
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